# PPP loan: PUNCH OUT TEAM INC
> **$289K** approved 03/26/2021 · Paid in Full · Loan `1187888708`
## Borrower
- **Name:** PUNCH OUT TEAM INC
- **Address:** 403 Rock Lodge Rd, Gaithersburg, MD, 20877-3403
- **NAICS:** 238350
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $289K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*